The social network posted increases in profit and revenue as it deals with a torrent of criticism about its privacy practices and the way it handles user data.
How Fake Mark Zuckerbergs Scam Facebook Users Out of Their Cash SAN FRANCISCO — A Facebook notification on Gary Bernhardt’s phone woke him up one night last November with incredible news: a message from Mark Zuckerberg himself, saying that he had won $750,000 in the Facebook lottery.
“I got all excited. Wouldn’t you?” said Mr. Bernhardt, 67, a retired forklift driver and Army veteran in Ham Lake, Minn. He stayed up until dawn trading messages with the person on the other end. To obtain his winnings, he was told, he first needed to send $200 in iTunes gift cards.
Hours later, Mr. Bernhardt bought the gift cards at a gas station and sent the redemption codes to the account that said it was Mr. Zuckerberg. But the requests for money didn’t stop. By January, Mr. Bernhardt had wired an additional $1,310 in cash, or about a third of his social-security checks over three months.
Mr. Bernhardt eventually realized that he had been the unwitting victim of a scam that has thrived on Facebook and ..
Facebook beat Wall Street revenue projections with user numbers on target despite data privacy scandal
Social media giant continues to grow despite Cambridge Analytica controversy
Facebook beat Wall Street revenue projections and announced that its user numbers were in line with estimates in the wake of a user data privacy scandal.
Up to 87m users saw their data end up in the possession of political consulting firm Cambridge Analytica, which worked for Donald Trump’s presidential campaign. Facebook has since been scrambling to mollify angry politicians and reassure users that it will safeguard their personal information.
Amid that turmoil, observers were keenly watching the company’s user figures to assess the potential damage and see if the scandal would suppress Facebook’s long-term growth.
Read more Professor apologises for helping Cambridge Analytica harvest data Cambridge Analytica whistleblower to give evidence to US Congress Suspended Cambridge Analytica boss refuses to appear before MPs Its North American user numbers were already flagging at the end of 2017, and since the..
Parents will be able to handpick the channels and topics their children can view on the app, which has been criticized for allowing disturbing content to slip through.
Winning the contest could mean a steeper increase in local housing costs over the next decade, a study finds. Nashville is already contemplating the impact.
Nigerian author Chimamanda Adichie is upset with Hillary Clinton over her Twitter bio.
Jeff Fairburn’s bonus could pay 4,100 of the company's full-time staff the Living Wage for a year
Persimmon shareholders rebelled on Wednesday against a “grossly excessive” £75m bonus awarded to the housebuilder’s chief executive Jeff Fairburn.
In a vote at the company’s annual general meeting, 48.5 per cent of ballots were cast against the pay deal while 30 per cent of shareholders abstained.
The company said it recognised that “a sizeable number of shareholders remained concerned” about the incentive plan, which also saw other senior executives awarded tens of millions of pounds.
Read more City drops ball as Persimmon narrowly wins AGM vote on CEO's pay Mr Fairburn's pay prompted widespread condemnation in December, after it was reported that he would collect more than £100m. After public outcry from politicians and shareholders, Mr Fairburn offered to cut the bonus £25m and said he would donate a “substantial proportion” to charity.
Finance director Mike Killo..
How a News Junkie Stays Plugged In: Newsletters and Her Kids How do New York Times journalists use technology in their jobs and in their personal lives? Rebecca Blumenstein, a deputy managing editor for The Times, discussed the tech she’s using.
What are your favorite tech tools for spotting breaking news and trend stories?
I’ve always been a news junkie, and technology makes that much easier. I reach for my phone the moment I get up and scroll through the headlines of the major sites.
I’m a big fan of email newsletters, and they’re often the first thing I dive into every day. Politico’s Morning Media, The Times’s DealBook and morning news briefings, The Wall Street Journal’s morning email, and Ben Thompson’s Stratechery Daily Update are among my regular reads.
I also check Facebook and Twitter throughout the day. Facebook keeps me connected with a range of people, from my high school friends in Michigan to an extended community of people I know from working in Beijing. I find much mor..
The advisory vote won the support of 51.5 per cent of investors, but there were an unusually high number of abstentions
Just how absurd does a CEO’s package have to get for shareholders to vote against the remuneration report of the company that employs them?
It’s fair to ask that question in the wake of the furore over Persimmon Homes handing a bonus worth more than £100m to CEO Jeff Fairburn.
The advisory vote on the company’s pay report at its York AGM was a close run thing, but in the end the builder won the day with 51.5 per cent voting in favour, 48.5 per cent opposed.
Read more Persimmon execs give up part of obscene bonuses: It's a empty gesture Help to Buy, Persimmon Homes profits and why our columnist is outraged Persimmon expects 2017 profits to beat market expectations There were an unusually high number of abstentions, which is what the more gutless among the City’s big investors like to do when they want to “send a message”.
For the record the votes withhe..
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